The Best (And Worst) Third-Quarter Channel Stocks

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There was no love for the Santa Ana, Calif.-based distributor from investors this summer. The stock started falling after hitting $17.55 on July 2 and reached a low point of $14.46 on Aug. 2. It rebounded to close at $16.64 on Sept. 14 before losing another $1.41 the last two weeks of the quarter. All that despite the company increasing SMB credit lines to some VARs in August under the leadership of CEO Alain Monie.